Perion Network Ltd (NASDAQ:PERI) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Perion Network Ltd (NASDAQ:PERI) has earned a consensus rating of “Moderate Buy” from the six research firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $13.8750.

Several equities analysts have recently weighed in on PERI shares. Lake Street Capital set a $13.00 price objective on shares of Perion Network and gave the company a “buy” rating in a report on Thursday, May 21st. Canaccord Genuity Group started coverage on shares of Perion Network in a report on Friday, March 20th. They set a “buy” rating and a $14.00 price objective on the stock. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Perion Network in a report on Tuesday, May 26th.

Insider Transactions at Perion Network

In related news, Director Eyal Kaplan sold 2,915 shares of Perion Network stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $10.00, for a total value of $29,150.00. Following the completion of the sale, the director owned 57,058 shares of the company’s stock, valued at approximately $570,580. This trade represents a 4.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last three months, insiders have sold 6,764 shares of company stock valued at $67,640. Company insiders own 2.78% of the company’s stock.

Institutional Trading of Perion Network

Several hedge funds have recently bought and sold shares of the business. Equitable Trust Co. grew its position in Perion Network by 1.5% in the 4th quarter. Equitable Trust Co. now owns 102,395 shares of the technology company’s stock valued at $981,000 after purchasing an additional 1,500 shares during the period. Osaic Holdings Inc. grew its position in Perion Network by 209.9% in the 2nd quarter. Osaic Holdings Inc. now owns 2,721 shares of the technology company’s stock valued at $28,000 after purchasing an additional 1,843 shares during the period. SG Americas Securities LLC grew its position in Perion Network by 21.9% in the 1st quarter. SG Americas Securities LLC now owns 12,190 shares of the technology company’s stock valued at $122,000 after purchasing an additional 2,186 shares during the period. State of Wyoming grew its position in Perion Network by 11.0% in the 2nd quarter. State of Wyoming now owns 22,147 shares of the technology company’s stock valued at $225,000 after purchasing an additional 2,196 shares during the period. Finally, Squarepoint Ops LLC grew its position in Perion Network by 21.8% in the 3rd quarter. Squarepoint Ops LLC now owns 14,418 shares of the technology company’s stock valued at $138,000 after purchasing an additional 2,581 shares during the period. Institutional investors and hedge funds own 68.12% of the company’s stock.

Perion Network Trading Down 2.1%

Shares of NASDAQ PERI opened at $8.45 on Thursday. The firm’s 50-day moving average price is $9.55 and its 200-day moving average price is $9.40. Perion Network has a 1-year low of $7.63 and a 1-year high of $11.44. The firm has a market capitalization of $329.80 million, a P/E ratio of -33.80, a P/E/G ratio of 1.20 and a beta of 1.22.

Perion Network (NASDAQ:PERI) last announced its quarterly earnings data on Thursday, May 21st. The technology company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.05. Perion Network had a negative net margin of 2.17% and a positive return on equity of 3.34%. The firm had revenue of $90.37 million for the quarter, compared to analyst estimates of $91.74 million. Equities research analysts forecast that Perion Network will post 0.38 EPS for the current year.

Perion Network Company Profile

Perion Network Ltd. (NASDAQ: PERI) is a digital advertising technology company that offers a suite of solutions designed for both brand marketers and performance-driven advertisers. The firm’s platform integrates search monetization, programmatic display, video and connected TV (CTV) advertising to help clients reach and engage audiences across desktop, mobile and television environments. Through proprietary algorithms and AI-driven tools, Perion’s technology optimizes ad placements in real time, aiming to boost campaign efficiency and return on investment for publishers and advertisers alike.

Key offerings include search engine marketing services that cover major platforms such as Google and Bing, native and display advertising solutions under its Undertone brand, as well as social and video ad formats.